Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 3,750 cameras with the following costs: Direct materials $440,000
Product Cost in Total and Per Unit
Grin Company manufactures digital cameras. In January, Grin produced 3,750 cameras with the following costs:
Direct materials | $440,000 |
Direct labor | 88,000 |
Manufacturing overhead | 352,000 |
There were no beginning or ending inventories of WIP.
Required:
1. What was the total product cost in January?
2. What was the product cost per unit in January? Round your answer to the nearest cent. per unit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started